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Asphalt Manufacturing in Ontario

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS ON32412CA

Asphalt Manufacturing in Ontario industry analysis

Revenue for the Asphalt Manufacturing industry in Ontario is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has increased an annualized x.x% to xxx locations over the past five years. Industry employment has increased an annualized x.x% to xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x billion, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x% to xxx locations over the next five years. Industry employment is expected to increase an annualized x.x% to x,xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Asphalt Manufacturing in Ontario Market Research Report

What’s Included in the Asphalt Manufacturing in Ontario Market Research Report

Definition of the Asphalt Manufacturing in Ontario?

This industry manufactures paving and roofing materials, including asphalt and tar-paving mixtures, blocks, roofing cements, coatings and shingles produced from purchased asphaltic materials and coal tar. This industry excludes asphalt paving products directly produced from petroleum refineries.

What’s included in the Asphalt Manufacturing in Ontario?

The Asphalt Manufacturing in Ontario includes manufacturing asphalt paving blocks, manufacturing asphalt paving mixtures, manufacturing asphalt roofing coatings, manufacturing asphalt shingles, manufacturing asphalt saturated mats and felts, manufacturing asphalt roofing cements and manufacturing undercoating for motor vehicles. Related terms covered in the Asphalt Manufacturing in Ontario industry report includes a mixture of chemical additives, bitumen and aggregates that are typically mixed at lower temperatures, asphalt roof tiles that are typically manufactured by coating paper with bitumen, also known as asphalt or tar. bitumen is a crude oil distillate that is used to bind aggregates together to produce asphalt paving products, crushed rocks, gravel, sand and stone. aggregates are combined with bitumen to form asphalt paving products and the thickness of fluids. asphalt products manufacturing requires high heat because bitumen has high viscosity.

Industry Performance of the Asphalt Manufacturing industry in Ontario

Benchmark the Asphalt Manufacturing in Ontario industry performance with all ON Census Metropolitan Area and national performance.

Asphalt Manufacturing in Ontario

#1 in Highest Revenue 35.4% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Asphalt Manufacturing in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Asphalt Manufacturing industry in Ontario

See how key industry drivers, such as gross domestic product, private investment in non-residential construction, bachelorsed, value of nonresidential construction, government consumption and investment and value of residential construction are impacting Asphalt Manufacturing in Ontario

Ontario Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
BachelorsEd

View more economic information in ON State Economic profile

Canada Key External Drivers

Value of nonresidential construction
Government consumption and investment
Value of residential construction

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Asphalt Manufacturing industry in Ontario

Access proprietary data on Census Metropolitan Area in the Asphalt Manufacturing in Ontario, such as Toronto, Hamilton and Ottawa - Gatineau. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Asphalt Manufacturing industry in Ontario

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Asphalt Manufacturing industry in Ontario in 2025?

The market size of the Asphalt Manufacturing industry in Ontario is $2.1bn in 2025.

How many businesses are there in the Asphalt Manufacturing industry in Ontario in 2025?

There are 159 businesses in the Asphalt Manufacturing industry in Ontario, which has been growing at an average annual rate of 3.2% from 2020 to 2025.

Has the Asphalt Manufacturing industry in Ontario grown or declined over the past 5 years?

The market size of the Asphalt Manufacturing industry in Ontario has been growing at an average annual rate of 3.3% from 2020 to 2025.

How many employees in the Asphalt Manufacturing industry in Ontario in 2025?

There are 937 employees in the Asphalt Manufacturing industry in Ontario, which has been growing at an average annual rate of 5.1% from 2020 to 2025.